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2750 Euclid Ave 4 Unit Apartment Building $850,000 ($212,500/Unit) Anoka, MN 55303
EXECUTIVE SUMMARY
INCREDIBLE SELLER FINANCING OPPORTUNITY! This 4-unit multifamily property at 2750 Euclid Ave features exceptional owner financing with contract for deed or interest-only terms at just 1-4% rates, as little as 10% down, and up to 10 years - making this high-value asset accessible with outstanding cash-on-cash returns.
The property (3 two-bedroom units and 1 one-bedroom unit) offers immediate value-add potential with a projected 44% NOI increase to $49,463 through RUBS implementation and rent optimization. The top two floors featuring two-bedroom units have been stunningly redone, while the property benefits from Anoka's stable rental market, the city's $150 million capital improvement program (2024-2028), and active nearby development.
At $850,000 with these extraordinary financing terms, this turnkey asset transforms from a premium-priced property into a cash flow goldmine for savvy investors who can leverage the seller's flexible financing to maximize their investment potential.
Don't miss this rare combination of seller financing and value-add upside in a proven market!
Rent: 1350,1350,1300,1050
The property (3 two-bedroom units and 1 one-bedroom unit) offers immediate value-add potential with a projected 44% NOI increase to $49,463 through RUBS implementation and rent optimization. The top two floors featuring two-bedroom units have been stunningly redone, while the property benefits from Anoka's stable rental market, the city's $150 million capital improvement program (2024-2028), and active nearby development.
At $850,000 with these extraordinary financing terms, this turnkey asset transforms from a premium-priced property into a cash flow goldmine for savvy investors who can leverage the seller's flexible financing to maximize their investment potential.
Don't miss this rare combination of seller financing and value-add upside in a proven market!
Rent: 1350,1350,1300,1050
PROPERTY FACTS
| Price | $850,000 | Lot Size | 0.12 AC |
| Price Per Unit | $212,500 | Building Size | 4,000 SF |
| Sale Type | Investment | Average Occupancy | 90% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2016 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | B-1 | ||
| Price | $850,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.12 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2016 |
| Parking Ratio | 1/1,000 SF |
| Zoning | B-1 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 600 |
| 2+1 | 3 | - | 900 |
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PROPERTY TAXES
| Parcel Number | 01-31-25-22-0070 | Improvements Assessment | $69,500 |
| Land Assessment | $39,500 | Total Assessment | $109,000 |
PROPERTY TAXES
Parcel Number
01-31-25-22-0070
Land Assessment
$39,500
Improvements Assessment
$69,500
Total Assessment
$109,000
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Presented by
Grant Johnson Group - Real Broker
2750 Euclid Ave
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